The milestone, however, masks a long-term downturn in the cannabis industry in Colorado.
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Total taxes and fees collected from the marijuana industry in Colorado topped $3 billion since the first recreational sales began in 2014, according to new data from the state.
“Colorado and like many other states has generated billions of dollars in new revenue from the legal sale of cannabis that previously used to just disappear into the underground market,” said Mason Tvert, a spokesperson for Colorado Leads, a marijuana trade group. “And now it’s really important that we ensure these businesses and this industry stay afloat and thrive in this state.”
